Cola Price Increase 2024. The latest cola is 3.2 percent for social security benefits and ssi payments. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
Cnbc reported that last year’s cola increase was 3.2% and in 2023 it was 8.7% while in 2022 it was 5.9%. Whatever the cola increase ends up being,.